PNC Financial Services Group Inc. Sells 63,683 Shares of Invitation Home $INVH

PNC Financial Services Group Inc. lowered its stake in shares of Invitation Home (NYSE:INVH) by 11.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 485,600 shares of the company’s stock after selling 63,683 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Invitation Home were worth $13,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Invitation Home by 1.3% during the third quarter. State Street Corp now owns 36,621,403 shares of the company’s stock worth $1,084,514,000 after buying an additional 462,379 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Invitation Home by 8.8% during the third quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock worth $424,922,000 after purchasing an additional 1,168,113 shares during the period. Invesco Ltd. raised its position in shares of Invitation Home by 7.5% during the third quarter. Invesco Ltd. now owns 12,622,824 shares of the company’s stock worth $370,227,000 after purchasing an additional 877,491 shares during the period. JPMorgan Chase & Co. raised its position in shares of Invitation Home by 28.3% during the third quarter. JPMorgan Chase & Co. now owns 6,884,278 shares of the company’s stock worth $201,920,000 after purchasing an additional 1,516,886 shares during the period. Finally, UBS Group AG raised its position in shares of Invitation Home by 101.4% during the third quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock worth $145,966,000 after purchasing an additional 2,505,909 shares during the period. Institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley dropped their price target on Invitation Home from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th. Mizuho dropped their price target on Invitation Home from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Barclays raised their price target on Invitation Home from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Wall Street Zen raised Invitation Home from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, UBS Group dropped their price target on Invitation Home from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.59.

Invitation Home Trading Up 1.1%

NYSE INVH opened at $29.34 on Friday. The stock has a market capitalization of $17.43 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 3.44 and a beta of 0.85. The stock’s 50 day moving average price is $26.71 and its two-hundred day moving average price is $26.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02. Invitation Home has a 52 week low of $24.25 and a 52 week high of $34.25.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, April 29th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. The firm had revenue of $579.00 million for the quarter, compared to analysts’ expectations of $689.92 million. Invitation Home had a return on equity of 6.29% and a net margin of 20.88%.The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, analysts anticipate that Invitation Home will post 1.89 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, March 26th were paid a $0.30 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.20 annualized dividend and a yield of 4.1%. Invitation Home’s payout ratio is presently 126.32%.

About Invitation Home

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.